Billionaire businessman Michael Bloomberg, the former mayor of New York City, jumped into the U.S. presidential race on Sunday, adding another moderate voice to a crowded field of Democratic contenders seeking to face Republican President Donald Trump in the November 2020 election.
"I'm running for president to defeat Donald Trump and rebuild America. We cannot afford four more years of President Trump's reckless and unethical actions," said Bloomberg, 77, a media mogul who founded Bloomberg LP.